PAKISTAN: Faysal Asset Management, a subsidiary of Faysal Bank, was granted the highest management quality rating of ‘AM1’ by Pakistan-based VIS Credit Rating Company. The outlook on the assigned rating is ‘Stable’ for this company, which recently transitioned a significant portion of its assets under management into Shariah-compliant investments since becoming Pakistan’s first certified Shariah compliant asset management company in March 2024.
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